Home > Uncategorized > RUBLE AND OIL STORY


Sefirot Capital

Despite the Russian Central Banks best efforts to stem the flow we continue to see Ruble weakness. As does the slide in the oil price continue. The question we need to be considering is what effect will this Ruble weakness have on other emerging market currencies, does this lead to panic and contagion. Clearly this should be the start to serious inflation in Russia, not to mention the effect of sanctions from the west. I don’t know enough about the countries financial situation to comment too much. Does it have foreign debt? I don’t know and too lazy to look it up. I have always found Putin to be a dangerous megalomaniac so I wonder if this backs him into a corner or does an aggressive stance against Ukraine and the west help him in any way. Bottom line is no matter which way you spin it from a tactical…

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